Ministry of Energy: Nobody will endure $20 per barrel of oil

First Deputy Energy Minister of Russia Alexey Teksler announced oil prices today that are to become really critical for the Russian oil companies. "Companies will endure at the moment, they will only cease to make investments, but nobody will endure $20 a barrel,'' he said.

Teksler said that Russian oil producers haven't borne losses yet: the average cost of oil production in Russia is $ 3-6 per barrel, and the total cost is $15-16 per barrel, Interfax reports.